Cyber security

Why Small Businesses Need Cyber Security

Why Small Businesses Need Cyber Security

The average cost of an online security breach is $4 million according to the Cost of Data Breach study conducted by IBM last year. About half or 48 percent of the breaches were malicious in nature. With each passing year, hackers and cyber criminals are starting to target small and medium-sized businesses. Research from the United States National Cyber Security Alliance shows that around 36 percent of small businesses were victims of cyber attacks. Around 60 percent of the businesses had to close their company since they lost business and other key factors.

If you are a small business owner, it is important for you to protect your website from both external and internal threats with professional cyber security. External threats can include hackers and criminals you don’t personally know, while a disgruntled employee who wants to steal company information or leak it to your competitors is an internal threat.  

The Most Common Types of Malware Cyber Attacks

Malware, which is short for malicious software, is a broad term used to describe different harmful computer programs. Depending on how the criminals programmed the malware it can steal money from your company’s bank account, take your employee’s or customer’s personal information or many other criminal acts. Here are just a few of the most common malware attacks small companies can experience:

  • Ransomware
  • Trojans
  • Worms
  • Spyware
  • Viruses
  • Adware

Many companies become vulnerable to malware due to phishing schemes. Phishing involves using email attachments, links, software and other programs to collect information and gain access to your company’s data. When you or an employee decide to download an attachment or click on a link in an email, it can give hackers the perfect opportunity to gain access to your company’s computer network.

Ransomware is one of the most popular malware programs. The malware locks victims out of their computer and denies them access to their files until they pay the hackers. The cyber criminals usually promise that they will give the victims the ability to log into their computer after they received payment.

Why You Should Use An IT Company to Improve Your Company’s Cyber Security 

The best way to prevent ransomware and other malware cyber attacks from happening in the first place is by partnering with an IT company. Below are several ways an IT company can inprove your company’s cyber security:

  • Strengthen your company’s firewall
  • Continually update your company’s firewall
  • Fix any security glitches 
  • Encrypt sensitive employee and customer data
  • Create security documents and protocols for employees to follow
  • Reconfigure your company’s privacy and security settings 
  • Protect your computers and networks from viruses, malware and infections

Many business owners do not have the time, experience or technical knowledge to protect their company from internal or external cyber threats. When you partner with an IT company you can focus on your core business. An IT company can closely monitor your computer networks and systems and let you know if they see anything suspicious. They can also educate your employees on how to improve your company’s cyber security and prevent future attacks.

Please don’t wait until it’s too late and you are the victim of a malware scheme. We encourage you to be proactive and focus on how you can protect your company against future cyber threats.  

Contact us today by email or call (401) 415-6290 to schedule an appointment at our Rhode Island office. One of our technical experts can sit down with you and review your company’s technology and offer suggestions on how we can help make your business even more secure. We’d be happy to answer your questions and explain what we can do to protect your small business from potential online threats.